Accounting · Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)
A company has decided to change its depreciation method to better reflect the pattern of use of its equipment. This change represents a change in accounting ________ and must be applied ________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Estimate; Retrospectively
- 2Estimate; Prospectively✓
- 3Policy; Prospectively
- 4Policy; Retrospectively
Correct answer
Estimate; Prospectively
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